Friday, October 1, 2010

TARP Results

Well, whaddaya know.

Even as voters rage and candidates put up ads against government bailouts, the reviled mother of them all — the $700 billion lifeline to banks, insurance and auto companies — will expire after Sunday at a fraction of that cost, and could conceivably earn taxpayers a profit.

So it turns out that all that screaming and carrying on about socialist take-overs of Wall Street and the auto companies and losing billions of dollars — and blaming it on President Obama — was just a lot of right-wing bullshit. Who knew?

Oh, by the way, credit where credit is due; it was a plan put together by the Bush administration.